American Airlines Group reported GAAP net profit of US$950m, compared to a GAAP net profit of US$1.7bn in the second quarter 2015. As a result of the reversal of the valuation allowance on the Company’s deferred tax assets as of December 31, 2015, the Company’s 2016 results include a US$543m provision for income taxes at […]
American Airlines' second quarter net profit down 44% Read More »
It has been a difficult year so far for easyJet, the UK’s largest low-cost carrier. Having seen a significant rise in cancellations in the last three months (1,221 as opposed to 726 for Q3, 2015) as a result of air traffic control strikes, runway closures at London Gatwick Airport, the crash of EgyptAir flight MS804,
easyJet revenue projected to fall by £80m as a direct result of Brexit Read More »
Bombardier has renewed its Authorized Service Facility (ASF) agreement with Taikoo (Shandong) Aircraft Engineering Company Limited (STAECO) of Jinan, China for an additional three-year term. In addition to providing maintenance services for CRJ Series aircraft as done under the original agreement, STAECO will now also provide maintenance services for Q400 turboprops. Under the agreement, STAECO
Bombardier renews Authorized Service Facility agreement with STAECO Read More »
Boeing reported it will recognize an impact to earnings across three programs when it announces second-quarter 2016 results on July 27. On the 787 program, the company decided not to invest funds for the refurbishment and sale of the two remaining unsold flight test aircraft that were scheduled to be introduced into the modification line.
Boeing to recognize cost reclassification and charges to second-quarter earnings Read More »
Aéroports de Montréal reported its consolidated operating results for the three- and six-month periods ended June 30, 2016. These results are accompanied by data on passenger traffic and aircraft movements at Montréal-Trudeau and Montréal-Mirabel international airports. Montréal-Trudeau set new passenger records for both periods, with 4.0 million passengers enplaned/deplaned in the second quarter, an increase
Aeroports de Montreal reports results for second quarter of 2016 Read More »
